Just few important bullett points to make you think about what a real move looks like, how long divergences can last, and why you have to stick to a position once it really accelerates!
- Weekly Heikin-Ashi pattern is turning bullish. Still small candle, but haDelta/SMA promising. - Weekly Kumo is very thin ahead. - EWO has built a positive divergence for year! Yet price was dropping. Now EWO turned bullish! - Weekly key levels are 127,5 / 133+ / 148-150 - Weekly Chikou Span (lagging line) may cross back above past candles in coming weeks (weak bullish)
- Daily comments up on the chart. Price not yet really moved, but it can be start of something bigger! - Daily Senkou A points up, despite Tenkan is below Kijun (due to recent volatility)
Very rarely I look at Monthly charts. And for the last few years I very rarely look at my ex favourite indicator MACD (used it with Stochastic before I started to use combined Japanes techniques). But now it is a beauty!
- MONTHLY MACD BULLISH CROSS AT A HIGHER POINT - Monthly Heikin-Ashi switches to bullish
Some like it black, "Some like it hot!"
Note: I am already 1 unit long.
Kommentare
TA_Valley
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have a cup of coffee sir! and I am shorting eurusd longing usdchf btw
Kumowizard
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I am just long Wheat in better size from 456. And started to build coffee. EURUSD is boring a bit right now.
TA_Valley
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yes. I long usdchf because I think risk preference is back.
Kumowizard
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it is fine to long only, if you see the price action is back and it moves that way (up), not because you think global risk preference is back. Look at those who thought risk off was back when USDJPY got a hit below 109 and they started to sell equities too. Must be painful now.
Trade always on its own, without any overcomplicated thinking and theories.
TA_Valley
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sure thank you ... ! usdchf is beautiful.... I am not sure this is a long term up and a short term up...
TA_Valley
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I am stupid... I used to have wheat at the same price as yours, by following your update, well but I closed it earlier.
Kumowizard
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agri played with my nerves too. Initially I had Soybeans long from relly the lows. Then I closed it too early. I decided to switch to Corn. I built a decent long... and on that fckn USDA day I got hammered. Stopped all. It dropped further down by 10 cent, but I was hesitating to buy it back and just looked at it all the way up from 449 to 463. Then I decided to buy Wheat. Of course that sht was hit down first and was lagging. Almost got stopped, but I was wiser with position building this time. So finally it worked. But it was a hard one. I should have done a lot better on the whole.